• Business Evangelist Application Form

    RedCap Finance Brokers (EZFinance) are Recruiting Positive People who will actively promote (introduce) others to the “Good News” about our services and products, via approved methods, including word-of-mouth, social media, approved printed material, etc. The GOAL is to actively recruit introducers who will positively influence others to buy / use our products and services.
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  • ASIC RULES

    From 1 July 2010 ASIC has commenced the formal Licencing process for all Finance brokers.

    As a part of the Licencing regulations the relationship between a licensee/credit representative and an Introducer / Affiliate, all must pass the following guidelines.

    >  The Introducer must only engage in credit activities incidentally to another business they carry on. (If you are registered to engage in Credit Activities and would like to know more about working with RedCap Finance Brokers as a part of the team, then please Click Here and we will call you direct).
    >  Only engage as a representative of the licensee they are introducing the customer to.
    >  Not charge a fee to the customer for the introduction.
    >  Not advise on any particular credit product just that licensee is able to provide a credit service.
    >  Obtain consent of the customer to pass name, contact details and purpose to the licensee.
    >  Introducer must pass on contact details of a potential customer as soon as practicable.
    >  Introducer must not conduct business from temporary or non standard business premises.
    >  Have in place an agreement with the licensee that covers the limitations of information that can be passed on and need to obtain customers consent.
    >  Licensee must contact referred customer as soon as practicable.
    >  Licensee must inform customer who they obtained their details from.
    >  Explain the financial benefits to the Introducer if any, for the introduction.
    >  Specifically ask customer if they are happy to continue with conversation.

    I agree to meet all my obligations relating to confidentiality, disclosure, and service under the ongoing Licensee/ Introducer relationship.

  • Licensee Rules

    (EZFinance - Australian Credit Licence Number 392611)

     

    There are three principals that drive this business model:

    1. An active partnership arrangement

    2. A real organized approach

    3. Well supported partners

    As an RedCap Finance Brokers / EZFinance partner you will receive:

    1. A percentage of commissions on all leads generated through your office which lead to a settlement.

    2. RedCap Finance Brokers / EZFinance marketing material to help promote your new service offering

    3. Training on how to introduce and best implement finance into your business

    4. Active support from your EZFinance / RedCap Finance Brokers credit advisor at your sales meetings and/or whenever necessary

    5. Access to over 120 different banks and Lenders to facilitate the most successful outcome.

    In return, EZFinance requires the following from you:

    1. As an Introducer/Affliate you ensure a disciplined approach to enter enquiries into the EZFinance / RedCap Finance Brokers system

    2. Your positive support to make it work as a partnership

    3. Active participation for both parties to help each other increase sales for both businesses

    4. Allow our brokers to have involvement in sales meetings and other relevant events

    Clawback Policy:

    Clawback of Commission: If a referred client pays off their loan within the first two years of drawdown, whether in part or in full, the lender may demand that the commission paid to the licensee (EZFINANCE) be repaid (or clawed back), in part or in full.

    Should this occur, you agree to reimburse the licensee (EZFINANCE) for your % portion of the clawed back amount, AMOUNT of FEE = AT COST . This clawback fee must be paid to the licensee (EZFINANCE) upon written request without delay.

    Clawbacks are an industry problem which all Finance brokers are subjected too. The clawback can be avoided if the licensee (EZFINANCE) are involved in the subsequent transaction (ie: refinancing) whereby a new commission is paid to offset the clawback.

  • IF You Have Answered YES to Both Questions Above, Then Please Continue With Your Application Below

  • It is an ASIC Requirement (under the NCCP Act) that you advise the people that you refer to RedCap Finance Brokers that...

    1. This introduction (referral) service is FREE for them to use.
    2. You must also advise them...that if you choose to receive a payment from us, that this is a Reward for Marketing Our Products/Services Payment from our Licensee EZFinance Pty Ltd (Australian Credit Holder Number 392611) for that referral if they select a product/service from us and EZFinance actually receives a commission payment for that product/service, and
    3. That the person you refer to us is agreeable for you to receive a marketing payment from us.

  • If your application is SUCCESSFUL, then a Formal Referrer Agreement will be sent to you for signing. This is required for our Written Record Keeping, and with ongoing ASIC Compliance.

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